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North Korean Hackers Dominate Crypto Space

North Korean Hackers Dominate Crypto Space

Published 3 weeks, 3 days ago
Description

North Korean hackers are on a rampage in the crypto world, responsible for 76% of attacks this year and causing over $600 million in losses. Groups like Lazarus and DPRK crews are employing sophisticated tactics, including months-long in-person social engineering, to pull off heists like the $285 million Drift Protocol hack and the $4.5 million Wasabi Protocol breach. These attacks have caused massive panic, with $13 billion pulled out of lending platforms and a $200 million bad debt mess at Aave. The cumulative theft from North Korea tops $6 billion since 2017, forcing everyone in the crypto industry to step up their defenses.

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